Home / Knowledge / News / Apparel/Garments / Online platform Jaypore raises $5 mn
Online platform Jaypore raises $5 mn
22
Feb '16
Jaypore, an online platform for contemporary Indian apparel, jewelry, home accents, has raised $5 million in its first round of institutional funding, the company said in a press release. Aavishkaar, an innovator in early-stage investing made the investment recently.

Puneet Chawla, CEO of Jaypore said that the funds will be used primarily for investment in scaling up the technology platform, hiring talent and brand building. “We will continue to focus on expanding the product offering including our own private label,” he said.

The handmade apparel, jewelry and home decor market in India is highly unorganized and could roughly be pegged at $7 billion or more.

Delhi-based Jaypore aims to be the leader in that segment with quality products and processes that enable consumers to have access to traditional Indian crafts with a contemporary rendering.

“Given the strong founding team, efficient execution, along with a clear focus on unit economics and a distinctive and beautifully curated product range which differentiates it from the marketplace model, we believe Jaypore is uniquely positioned to cater to the discerning global consumer, and we are excited to be partnering with them,” Noshir Colah, Partner at Aavishkaar said.

Founded in 2012, Jaypore aims to present Indian, craft-based designs in a contemporary application, one which would appeal to both the domestic and global audience. With a focus on reviving dying crafts and arts of India, Jaypore wants to create a scalable and sustainable business that promotes quality and can effect a positive economic change in India's handloom and handicraft sectors, the release said.  (SH)

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search